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Feb 6, 2013 4:00pm EST
, it isn't good enough. i understand defense spending was down so ramp it up to 1.5%. still terrible. to me all of these arguments just fall flat when we can't get the horsepower the country's numbers to be better and that's with a small positive win on housing which at some point in 2012 hit its infliction point from taking away to adding into gd gdp. >> the issue that you have here -- the issue that you have here isn't the economy is at escape velocity. you're not where the u.s. economy is growing at 3% to 4%. >> let me interrupt you because we have the number on visas. 182 a share is where we're reporting. 182 a share compares to an estimate of 179. the earnings on the bottom line better than expected. here is revenue. 2.85 billion, also better than expected because it was 2.82 billion which was the estimate. vite visa is out and the stock trades up in the extended hour. 182 on 2.85 billion in revenue. >> very positive. >> let get reaction on the visa numbers. joining me to talk more about that in terms of reaction is gill laurier of webbush. thanks for seeing you. >> thanks for having m
Feb 7, 2013 4:00pm EST
and bacteria. try fixodent. it helps create a food seal defense for a clean mouth and kills bacteria for fresh breath. ♪ fixodent, forget it. >> welcome back. a bad open and better finish. bob pisani wraps up the day that was. >> a lot of efforts to mastermind a top here and didn't amount to anything. take a look at the dow jones industrial average. heavy selling at the open. the futures prior to the open fairly flat, but they sold right into the open for the first 40 minutes and didn't really amount to much, fractional decline in the dow jones industrial average. the euro weakened dramatically. mario draghi came out and said he expected inflation to fall and did not give a particularly optimistic outlook about the near term economy there. had problems in europe's sectors. big leaders and housing stocks, biotech stocks and materials and energy all weak throughout the day. how about some of the retailers. pretty good numbers from the retailers considering there was a lot of discounting going on. gap raised their guidance. profit taking for some concerns for february overall. macy's also had v
Feb 8, 2013 4:00pm EST
. >> i'm inclined. i would think it would get a little more defensive and i think it will hit real resistance there and then back o.every time it backs off there's always plenty of buyers around. so far. >> get home safe, my friend. >> that will do it. we'll go out mid-range and call it as the markets in new york, boston, all over the northeast are getting ready for the blizzard. all of you get home safe if you haven't already. the second hour of "closing bell" under way right now with maria bartiromo. >>> and it is 4:00 on wall street. do you know where your money is? hi, everybody of welcome back to the "closing bell." a stormy "closing bell." i'm embroemo. t the s&p posting six straight weeks of gains for the first time since 1971. see how we're settling out on wall street. the dow jones industrial average tonight up about 41 points, a quarter of a% higher at 13,984. s&p 500 picked up 7.66 points and the nasdaq composite the big winner on the ses, technology in the lead, up 27 points on nasdaq at 3192. last trade there. the dow couldn't push high enough to make it a winning week
Feb 5, 2013 4:00pm EST
, is it a better idea to just have these automatic spending cuts where when you look at defense we don't know what missions are being compromises. we don't know, you know, where the cuts are going to hit in terms of our defense as a country. i mean, is that really the way to do it? >> no, i don't like the automatic approach, but months ago we have proposed a way to reorder those so we don't have automatic spending cuts, that in the first year we have a more balanced approach in terms of defense versus other spending. the president basically has ignored that. he has not come forward with an alternative on that, so at this point it's really up to the administration to do that. we have done that. those views are out there, and they have been ignored, so i think at this point we need the president's budget. we'll move forward on ours which will take into account a revenue level at a lower amount. >> are you -- are you going to get it? mean what, happens if you get rolled over again? >> look, i think we have to make a stand here that revenue is not going to solve our problem. the president wants more m
Feb 1, 2013 4:00pm EST
participation. look at the retail fund flows. managers have had a lot of defense in the portfolios and a lot of cash, and they don't want to miss it and fall behind early in the-year. there's chasing, and we don't want to get carried away with that. >> you like the u.s. still. said we'd hit new highs. do i want to be exposed around the world, talking about the hot sprts, the brics, emerging markets, where do we stand? >> long-term answer, lock up money for five years, go the places they are going to grow, u.s. and the emerging markets. japan a europe is getting a bit of a rally because they are doing things cyclically and japan is trying as well, but not with my clients' money. i want to stick with a cyclical storey. >> sell more than an idea if you want me to put money in europe. things are troubled there, no in. >> totally agree. i want to be underweight. somebody else's money is going there. i think ecb will lower rates some more, and i think the financial stresses will ease, but europe is in a recession. hopefully they come out of that by the end of this year. >> good stuff. bob, always
Feb 4, 2013 4:00pm EST
there by cutting defense. and you're not going to get there by raising taxes. you've got to address the problem which is entitlement spending. >> here's one of the major problems with regard to medicare. and that is rising health care costs. already 18% of total gdp. seems to me the best way to control medicare and medicaid, those are the ones out of control. social security is not out of control. it's medicare and medicaid -- >> but it hasn't been fixed. >> the best way to deal with medicare and medicaid is to get health care costs under control. what you want to do is basically use the bargaining of medicare and medicaid so that providers move from a fee system, a fee for service system to a fee for healthy outcome system. wouldn't you agree? >> well, absolutely. as you know, that's the proposal being pushed forward by dartmouth your alma mater. has a lot of viability to it. but it's easy to say but it's hard to do. the point is, however, that you've got to have a president who's willing to step up on the issue of medicare specifically and say we're going to try to control these costs and not
Search Results 0 to 5 of about 6